Canvas, a Denver-based provider of 3D measurement and modeling solutions for residential and light commercial spaces, has raised $10 million in Series A funding.
The round was led by Trilogy Equity Partners and Foundry Group, with participation from Acquired Wisdom Fund, GC&H Investments, and Frontier VC.
Utilization of Funds
The company plans to allocate the funds towards expanding its research and engineering teams. The focus will be on enhancing its proprietary AI-powered spatial data processing technology and reality capture capabilities.
About Canvas
Led by CEO Sarah Bird, Canvas provides 3D measurement and modeling technology tailored for professionals in architecture, interior design, and construction. The company leverages AI and mobile-device LiDAR technology to simplify property reality capture and analysis, reducing the need for manual field measurements and as-built modeling. To date, Canvas has processed over 110 million square feet of space.
With more than 15 years of expertise and over 20 patents in 3D sensing and computer vision, Canvas supports more than 12,000 design and construction professionals with AI-powered solutions.
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By Proptechbuzz
By Ravi Kumar
